DIRS.INFO The most relevant business & tech news

☆ Bill Gates says he and his ex-wife, Melinda French Gates, plan to run foundation together for 25 more years
▼ + stars: | 2022-09-24 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +2 min

Bill Gates and ex-wife Melinda French Gates hope to keep their foundation running for 25 more years, at which point he'll be 91 and French Gates will be 83. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyThe Bill & Melinda Gates Foundation has been around for 25 years, and Bill Gates says that's just its halfway mark. Gates and Melinda French Gates established the philanthropic organization in 2000. In 25 years, Gates will be 91 years old, and French Gates will be 83. Alongside Warren Buffett, Gates and French Gates in 2010 created the Giving Pledge, which asks billionaires to publicly commit to give most of their wealth away to philanthropic efforts either during their lifetimes or in their wills.

☆ Bill Gates says political polarization 'may bring it all to an end' and could even lead to a civil war
▼ + stars: | 2022-09-24 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +2 min

Bill Gates is sounding the alarm on political polarization in the US. "Political polarization may bring it all to an end, we're going to have a hung election and a civil war," he told Forbes recently. Gates, who has been the target of many conspiracy theories over the years, also pointed out the dangers of misinformation. Over the years, Gates and ex-wife Melinda French Gates have donated billions to vaccine research, development, and delivery through their foundation. Anybody who's got good innovations on reducing polarization, getting the truth to be as interesting as the crazy stuff, that would be well worth investing in," Gates told Forbes.

☆ Nearly 6 in 10 donors may give more to charity despite economic fears, study finds
▼ + stars: | 2022-09-22 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

With lingering high inflation, stock market volatility and recession fears, it's easy to see why some Americans might trim charitable giving. Nearly 75% of those surveyed said they worry about other community members, and 64% are concerned about nonprofits amid threats of a recession. As a result, 59% of donors may be willing to give more this year, according to the survey, which polled 969 of the nonprofit's donors in July and August. While the organization predicted "a robust year" for giving in 2022, it also emphasized the link between philanthropy and the strength of the stock market. The report came out as the stock market approached record highs in December, but the S&P 500 has dropped more than 20% year-to-date.

☆ Warren Buffett's granddaughter-in-law takes up role at JPMorgan's wealth management division
▼ + stars: | 2022-09-20 | by ( Zahra Tayeb | ) www.businessinsider.com time to read: +2 min

Warren Buffett's granddaughter-in-law just joined JPMorgan as a wealth advisor. Her grandfather-in-law is a longtime ally and friend of JPMorgan CEO Jamie Dimon. Lili Buffett, 36, who's married to Howard Buffett, the grandson of the Berkshire Hathaway CEO, took up a role as a wealth advisor. I couldn't be prouder for Lili to grow as a Wealth Advisor and fellow working mother alongside me," Weikes wrote in a post under a photo of the pair. Warren Buffett has been a longtime fan of JPMorgan's CEO, Jamie Dimon, and has praised him many times in recent years.

☆ Elizabeth Anne Bernstein — Columnist at The Wall Street Journal
▼ + stars: | 2022-09-19 | by ( Elizabeth Anne Bernstein | ) www.wsj.com time to read: +1 min

Elizabeth Anne BernsteinElizabeth Bernstein writes the “Bonds: On Relationships” column for The Wall Street Journal, which explores social psychology and the manifold aspects of human interactions. In her column, she focuses on how we can best relate—to others and to ourselves. Ms. Bernstein has been at the Journal for more than 20 years and has previously covered higher education, philanthropy, psychology and religion at the paper, all areas in which personal relationships loom large. Ms. Bernstein received a bachelor’s degree in journalism and English from Indiana University and a master’s degree in journalism with honors from Columbia University. She has completed a Knight Science Journalism Fellowship at MIT, which focused on brain science, and a Rosalynn Carter Fellowship for Mental Health Journalism.

☆ Inside the $4 billion family office of Walmart Heir Lukas Walton
▼ + stars: | 2022-09-19 | by ( Robert Frank | ) www.cnbc.com time to read: +4 min

Lukas Walton, the billionaire grandson of Walmart founder Sam Walton, is reinventing the family office — building a multi-billion-dollar funding machine that powers charities, tech start-ups, public companies and activists seeking global change. Walton, 36, last year launched Builders Vision, a one-stop-shop of impact investing based in Chicago with more than $4 billion in assets. While most family offices separate philanthropy and investing, Walton has stitched them together into an impact-investing superstore – funding social and environmental causes through start-ups, public companies or charities. The Builders Vision venture capital fund, called S2G, is in the top quartile of venture capital funds by returns, according to Cambridge Associates benchmarks. Climate change, the food supply and ocean health are, after all, also investment risks, he said.

☆ Billionaire Lukas Walton’s family office accelerates impact-investing push
▼ + stars: | 2022-09-19 | by ( Robert Frank | ) www.cnbc.com time to read: +2 min

Builders Vision, the investing and philanthropy platform of billionaire Lukas Walton, has shifted its $1 billion endowment into what it calls "impact investments," leading a broader shift in family offices to connect their investing and giving. Chicago-based Builders Vision will announce today that its Builders Initiative Foundation has moved 90% of its endowment into "mission-related" investments -- investments in keeping with Builder's broader goals of sustainability and equity. Most foundations have 20% or less of their endowments in ESG or impact investments, so the 90% level sets a new benchmark for family offices and foundations. Walton, 36, is at the forefront of a rapid generational shift in family offices, as inheritors and entrepreneurs in their 30s and 40s use their fortunes to drive social change. For decades, family offices split their philanthropy and investing — making money on one side and giving it away on the other.

☆ Patagonia's CEO gets candid: How sustainability, diversity, and social justice guide the beloved brand
▼ + stars: | 2022-09-15 | by ( Rebecca Knight | ) www.businessinsider.com time to read: +12 min

As CEO of Patagonia, Ryan Gellert wrestles with a paradox: The outdoor-gear maker's good works, philanthropy, and intentions are still not enough to justify its existence. To Gellert, who took over from the widely respected Rose Marcario, the company could always be doing more. And we need business to step up. Patagonia really struggled in Europe, and that never made sense to me. One of the things that I love more than anything about Patagonia is that we are an unapologetically for-profit business.

☆ How Jay-Z and Jack Dorsey's Bitcoin Academy provides financial inclusion and breaks down barriers of inequity
▼ + stars: | 2022-09-07 | by ( John Lynch | ) www.businessinsider.com time to read: +16 min

Insider profiled Jay-Z and Jack Dorsey's Bitcoin Academy at the conclusion of its program for Marcy Houses in Brooklyn. For Marcy resident Mariela Regalado, The Bitcoin Academy represented a continuation of an altruism she had seen from Jay-Z firsthand. Lamar Wilson teaching at The Bitcoin Academy. Following the conclusion of its summer courses at Marcy Houses, The Bitcoin Academy is "looking to expand to other neighborhoods soon," the program said. The over 350 people who attended The Bitcoin Academy classes let us know that this education is important to them - and that it matters.

☆ 'If it blows up, it's cool': The far-out philosophy that explains why Elon Musk won't let a few baby sea turtles stop SpaceX's quest to get to Mars
▼ + stars: | 2022-04-05 | by ( Adam Rogers | ) www.businessinsider.com time to read: +25 min

In the case of Elon Musk v. Charismatic Megafauna, the agency intends to publish its final report in late April. Musk went on: "Either explicitly or implicitly some people seem to think that humans are a blight on the Earth's surface. Musk is talking about existential risk, the idea that something — an asteroid, a rogue artificial intelligence — might kill every human on Earth. And if you assume that future human minds will "mainly be implemented in computational hardware instead of biological neuronal wetware," as Bostrom does, you end up with a mind-boggling 1054 human lives. Musk has made the defense of "future life" his mission.

☆ The wealthy elite who gather in Davos to talk about saving the planet always ignore the best solution: paying more taxes
▼ + stars: | 2022-03-05 | by ( Paul Constant | ) www.businessinsider.com time to read: +5 min

He spoke with Peter Goodman about his new book and the World Economic Forum meeting in Davos. Goodman says Davos has become a feel-good event for billionaires who refuse to make real change. But Davos's most noteworthy topics are the ones that don't typically get discussed: For instance, historian Rutger Bregman made waves in 2019 when he told the affluent audience at Davos that they were ignoring the solution that mattered most: "Taxes, taxes, taxes. The solutions to the very real problems discussed at Davos every year are relatively simple, but they'll never be welcomed by the Davos audience. The only people who aren't ready to hear about that solution, unfortunately, are the people who gather at Davos every year.

☆ Goop's executive exodus — Patagonia's CEO gets candid — LA's prestigious preschools
▼ + stars: | 2021-10-01 | by ( Jordan Parker Erb | ) www.businessinsider.com time to read: +4 min

Another week has come and gone, and you know what that means — it's time for your weekly dose of Insider Life. This week, we're bringing you an inside look at the executive exodus at Gwyneth Paltrow's Goop, sharing an exclusive interview with Patagonia's CEO, and telling you how to get your kid into one of LA's most prestigious preschools. Oh, before we get started, be sure to check out the Insider Crossword — we're publishing new puzzles every morning through October 8. Tadini took us along for a day on the job, starting with a 6 a.m. espresso and cigarette. PatagoniaRyan Gellert, Patagonia's new CEO, is struggling with a paradox: the company's good works, philanthropy, and intentions are still not enough to justify its existence.

MrBeast is one of the most-viewed YouTubers thanks to his attention-grabbing stunts. He recently made waves with a video where he 'cured' 1,000 people's blindness with cataract eye surgerySee how the 24-year-old got his start making online videos. Lately, he's become known for his stunt philanthropy, giving away money or committing acts of kindness and filming it for content. Recently, Donaldson uploaded a video "curing" 1,000 people's blindness by paying for eye surgeries. His ambitious challenges and money giveaways have helped him grow his channel to roughly 131 million subscribers, the most in YouTube's history.

☆ Jeff Bezos will step down as Amazon's CEO later this year and be replaced by AWS CEO Andy Jassy
▼ + stars: | 2021-02-02 | by ( Avery Hartmans | Ashley Stewart | ) www.businessinsider.com time to read: +3 min

Jeff Bezos will step down as Amazon CEO in the third quarter of 2021. Andy Jassy, the CEO of Amazon Web Services, will replace him. AdvertisementAdvertisementAndy Jassy, the CEO of Amazon Web Services, will replace him. The cloud CEO helped build AWS into a massive unit that generates over $40 billion in annual revenue. AdvertisementAdvertisementAre you an Amazon Web Services employee?

Persons: Jeff Bezos, Andy Jassy, Bezos, —, Jassy, Ashley Stewart Organizations: Amazon Web Services, Service, Amazon, Fund, Washington Post, Services, Web Services Locations: Jassy

Gerald Grant Jr. and Gerald Grant III are some of the best financial advisors in Miami and coauthors of a new book about building generational wealth. In order to keep young adults with access to an inheritance from squandering it, the advisors suggest setting up a trust fund with incentives. But Gerald Grant Jr. and Gerald Grant III, father-son financial advisors at Equitable Advisors in Miami, say there's a "fine line" between handing down too much money and just enough. Parents can assign incentives to a trustTo help their clients get it right, Grant Jr. and Grant III told Business Insider that they advise setting up a trust fund with incentives. As Grant Jr. and Grant III analogize, giving your heirs the keys to an expensive new car without teaching them how to drive it and maintain it well is a mistake waiting to happen.

Persons: Gerald Grant Jr, Gerald Grant III, —, Grant Jr, Grant III, Grant, Grant III analogize Organizations: Finance, Service, Equitable Advisors, Grant III, Business Locations: Miami, squandering

☆ Meet Thomas Healy, the self-made billionaire who just became the youngest CEO of a publicly traded company
▼ + stars: | 2020-10-07 | by ( Taylor Nicole Rogers | ) www.businessinsider.com time to read: +5 min

After his electric truck startup debuted on the New York Stock Exchange Friday, Thomas Healy became both the youngest CEO of a publicly traded company and one of America's youngest self-made billionaires. Healy has an estimated net worth of $1.6 billion, per a Business Insider analysis. In an exclusive interview with Business Insider, Healy shared what it's like to become a billionaire overnight. Now that Healy is the youngest CEO of a publicly traded company in the US and among its youngest self-made billionaires, it seems like he can barely believe it himself. "I think the best word I can use to describe it is surreal," Healy told Business Insider.

☆ Inside the 19-year relationship of Meta CEO Mark Zuckerberg and Priscilla Chan, who are about to have their 3rd baby together
▼ + stars: | 2020-03-11 | by ( Madeline Stone | Avery Hartmans | ) www.businessinsider.com time to read: +1 min

Meta CEO Mark Zuckerberg has been married to his wife, Priscilla Chan, since 2012. The couple met during college and have since had two kids together with a third on the way. They've also founded the Chan Zuckerberg Initiative and amassed a real estate empire. Meta CEO Mark Zuckerberg may not have gotten an undergrad degree out of Harvard, but he has his time at the university to thank for introducing him to his wife, Priscilla Chan. The couple met in 2003 at a frat party, and tied the knot in 2012, one day after the IPO of what was then called Facebook.

☆ The Rothschild family is worth an estimated $1 billion. Meet the remaining heirs of the legendary dynasty.
▼ + stars: | 2012-02-07 | by ( Ben Walsh | Talia Lakritz | ) www.businessinsider.com time to read: +1 min

The Rothschild family amassed their fortune from their powerful European banking dynasty. Lord Jacob Rothschild and his wife Serena had four children: Hannah, Beth, Emily, and Nat. AdvertisementHaving defined several eras of financial history and established banks across Europe, the Rothschild family's impact remains wide-reaching. Following Lord Jacob Rothschild's death on Monday at the age of 87, the focus now turns to the heirs to the family fortune, worth an estimated $1 billion, according to a 2023 report by the Sunday Times Rich List. Here are the Rothschild family members now at the helm of one of the world's most powerful financial dynasties.

Persons: Rothschild, Lord Jacob Rothschild, Serena, Hannah, Beth, Emily, Nat, —, Jacob Rothschild's, Sunday Times Rich Organizations: Service, Sunday Times Locations: Europe

Search resuls for: "Philanthropy"

18 mentions found